Appen Limited (ASX: APX) announced the completion of its institutional placement, which was fully underwritten, and the institutional portion of its 1 for 6 accelerated non-renounceable entitlement offer of newly issued, fully paid ordinary shares.
With strong demand from current and new shareholders, the placement raised around AU$21.2 million at the offer price of AU$1.85 per share, resulting in the issuance of nearly 11.4 million New Shares. Appen has agreed to issue approximately 4.8 million New Shares as part of the Institutional Entitlement Offer to raise about AU$ 8.8 million at the Offer Price. Retail
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Nextgen Global Services Pty Ltd trading as Kapitales Research (ABN 89 652 632 561) is a Corporate Authorised Representative (CAR No. 1293674) of Enva Australia Pty Ltd (AFSL 424494). The information contained in this website is general information only. Any advice is general advice only. No consideration has been given or will be given to the individual investment objectives, financial situation or needs of any particular person. The decision to invest or trade and the method selected is a personal decision and involves an inherent level of risk, and you must undertake your own investigations and obtain your own advice regarding the suitability of this product for your circumstances. Please be aware that all trading activity is subject to both profit & loss and may not be suitable for you. The past performance of this product is not and should not be taken as an indication of future performance.
